Islamic finance
E27187
Islamic finance is a system of banking and financial practices that complies with Islamic law, emphasizing risk-sharing, asset-backed transactions, and the prohibition of interest (riba) and excessive uncertainty (gharar).
All labels observed (4)
| Label | Occurrences |
|---|---|
| Islamic finance canonical | 2 |
| Islamic banks | 1 |
| Islamic economics | 1 |
| Islamic economy | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T212869 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Islamic finance Context triple: [Sharia, appliedIn, Islamic finance]
-
A.
Sharia
Sharia is the body of Islamic religious law derived primarily from the Quran and the teachings and practices of the Prophet Muhammad, guiding both personal conduct and aspects of public and legal life in Muslim communities.
-
B.
Islam
Islam is a major monotheistic Abrahamic religion centered on the belief in one God (Allah) and the prophethood of Muhammad, whose teachings are recorded in the Quran.
-
C.
Sunni Islam
Sunni Islam is the largest branch of Islam, characterized by its emphasis on the Sunnah (traditions) of the Prophet Muhammad and recognition of the first four caliphs as his rightful successors.
-
D.
Ibadi Islam
Ibadi Islam is a distinct, early Islamic sect known for its moderate theology, emphasis on piety and justice, and historical roots in Oman and parts of North and East Africa.
-
E.
Five Pillars of Islam
The Five Pillars of Islam are the fundamental acts of worship and devotion that structure a Muslim’s faith and practice, including declaration of faith, prayer, almsgiving, fasting in Ramadan, and pilgrimage to Mecca.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Islamic finance Target entity description: Islamic finance is a system of banking and financial practices that complies with Islamic law, emphasizing risk-sharing, asset-backed transactions, and the prohibition of interest (riba) and excessive uncertainty (gharar).
-
A.
Sharia
Sharia is the body of Islamic religious law derived primarily from the Quran and the teachings and practices of the Prophet Muhammad, guiding both personal conduct and aspects of public and legal life in Muslim communities.
-
B.
Islam
Islam is a major monotheistic Abrahamic religion centered on the belief in one God (Allah) and the prophethood of Muhammad, whose teachings are recorded in the Quran.
-
C.
Sunni Islam
Sunni Islam is the largest branch of Islam, characterized by its emphasis on the Sunnah (traditions) of the Prophet Muhammad and recognition of the first four caliphs as his rightful successors.
-
D.
Ibadi Islam
Ibadi Islam is a distinct, early Islamic sect known for its moderate theology, emphasis on piety and justice, and historical roots in Oman and parts of North and East Africa.
-
E.
Five Pillars of Islam
The Five Pillars of Islam are the fundamental acts of worship and devotion that structure a Muslim’s faith and practice, including declaration of faith, prayer, almsgiving, fasting in Ramadan, and pilgrimage to Mecca.
- F. None of above. chosen
Statements (51)
| Predicate | Object |
|---|---|
| instanceOf |
banking system
ⓘ
financial system ⓘ |
| alternativeTo | conventional finance ⓘ |
| appliesTo |
Muslim-majority countries
ⓘ
non-Muslim-majority countries ⓘ |
| basedOn |
Islamic law
ⓘ
Sharia ⓘ
surface form:
Shariah
|
| corePrinciple |
asset-backed financing
ⓘ
avoidance of speculation ⓘ avoidance of unethical industries ⓘ link to real economic activity ⓘ profit and loss sharing ⓘ prohibition of excessive uncertainty ⓘ prohibition of gharar ⓘ prohibition of interest ⓘ prohibition of maysir ⓘ prohibition of riba ⓘ risk sharing ⓘ |
| emergedInModernForm | 20th century ⓘ |
| expandedSignificantly |
early 21st century
ⓘ
late 20th century ⓘ |
| governedBy |
Islamic scholars
ⓘ
Shariah supervisory boards ⓘ |
| hasSector |
Islamic asset management
ⓘ
Islamic banking ⓘ Islamic capital markets ⓘ takaful ⓘ |
| objective |
avoid exploitation in financial contracts
ⓘ
promote equitable distribution of wealth ⓘ promote social justice in finance ⓘ |
| prohibits |
financing of adult entertainment
ⓘ
financing of alcohol industry ⓘ financing of conventional weapons of mass destruction ⓘ financing of pork-related products ⓘ fixed or guaranteed interest payments ⓘ gambling-related transactions ⓘ pure monetary speculation ⓘ |
| relatedConcept |
Islamic finance
self-linksurface differs
ⓘ
surface form:
Islamic economics
ethical finance ⓘ socially responsible investing ⓘ |
| requires |
real economic purpose
ⓘ
underlying tangible asset ⓘ |
| usesContractType |
ijarah
ⓘ
istisna ⓘ kafalah ⓘ mudarabah ⓘ murabaha ⓘ musharakah ⓘ salam ⓘ wakalah ⓘ |
| usesInstrument | sukuk ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Islamic finance Description of subject: Islamic finance is a system of banking and financial practices that complies with Islamic law, emphasizing risk-sharing, asset-backed transactions, and the prohibition of interest (riba) and excessive uncertainty (gharar).
Referenced by (5)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Islamic economics
this entity surface form:
Islamic economy
this entity surface form:
Islamic banks
subject surface form:
Maqasid al-Shariah